Astra Tech acquires an innovative dental CAD/CAM company

Astra Tech is purchasing the US dental company Atlantis Components Inc
Posted: September 27, 2007

Astra Tech acquires an innovative dental CAD/CAM company
Waltham MA, 26th September 2007: The Swedish medical technology company Astra Tech
AB, a subsidiary of AstraZeneca, is purchasing the US dental company Atlantis
Components Inc. for USD 71 million in cash. This business deal is part of Astra Tech’s
growth strategy.
“The purchase of Atlantis gives us an even stronger product portfolio in the field of dental
implants. We strengthen our position in the North American market and can introduce the
latest digital CAD/CAM1 technology in Europe. This also gives us a leading position in the
fastest growing segment in the field of implants,” says Astra Tech’s President and CEO,
Peter Selley.
In the past few years, Astra Tech has grown at a rate of over 40 percent a year while the
global market for dental implants has shown a growth rate of 20 percent.
“Our objective is to be one of the three largest dental implant companies within the next
three years,” Peter Selley continues.
For the past ten years, Atlantis Components Inc. has developed a patented method for
digitally producing “abutments.” Using the latest CAD/CAM1 technology, individually
adapted abutments are produced for each patient. As opposed to standard abutments,
Atlantis’ technology is built around a unique method that is based on the appearance of the
final tooth. The end result is optimized individual esthetics and long-term reliability. For the
clinician and patient this technology means reduced chair time since the precision of the
abutments eliminates the need for the dentist to make further adjustments.
Atlantis’ method makes it possible to fabricate individual abutments for most of the major
implant systems on the market. The technology also allows for increased efficiency and
profitability for the dental laboratory.
Atlantis Components Inc. is based in Cambridge, Massachusetts and has 100 employees. The
company has had very positive growth in recent years and now has a market-leading
position in its segment. Sales in 2008 are expected to reach USD 25 million.
“Astra Tech with its focus on research and its global sales organization is the perfect owner
for Atlantis as it offers the ideal environment within which to further develop Atlantis’
unique technology as well as grow the business,“ says Bob Stockard, CEO, Atlantis.
Operations will be integrated within Astra Tech’s North American headquarter in Waltham,
Massachusetts.
The North American market represents approximately one third of the world market, and is
Astra Tech’s most important one. It is currently one of the fastest growing markets for the
Astra Tech Group.
“The two companies complement each other perfectly. Through the acquisition of Atlantis,
we can offer all dentists working with implants an optimal solution, in terms of both
esthetics and function,” says Scott Root, President and CEO, Astra Tech Inc., North America.
“We will develop a Center of Excellence in the US for esthetics, based on Atlantis’ unique
know-how and technology in order to offer advanced innovative digital dentistry solutions,”
says Peter Selley.
In 2008, Astra Tech will begin producing Atlantis’ CAD/CAM abutments for the European
market at its headquarters in Mölndal, Sweden. The launch and sales in Europe will be
handled by Astra Tech’s existing sales organization.
As recently as June of this year, Astra Tech opened a new training center at its headquarters
in Mölndal, where dental professionals from all over the world are invited there to study the
latest implant technology.
For additional information, please contact:
Scott Root, President and CEO, Astra Tech Inc., USA, phone 781-890-6800 or 800-531-3481
Peter Selley, President and CEO, Astra Tech AB, phone +4631-7763110
Lars Henrikson, Vice President Marketing & Business Development, Astra Tech AB, phone
+4631-7763425, cell phone +46703-823425
Astra Tech, a subsidiary of the AstraZeneca Group, develops, manufactures, and markets dental
implants and advanced disposable medical equipment for the healthcare sector. The company develops
products that lead to improved treatment results, simplified work for healthcare personnel, and which
contribute to reducing healthcare costs.
Astra Tech’s headquarters and production facilities are located in Mölndal, Sweden. The company is
represented globally by 16 subsidiaries and selected local partners. Astra Tech has a total of
1,900 employees worldwide. The company puts 5 percent of its revenues annually into research. Astra
Tech’s revenues in 2006 totaled SEK 2.7 billion.
Astra Tech’s North American subsidiary is headquartered out of Waltham, Massachusetts, and
urology operations are centered in Torrance, California. Since 2004, the North American subsidiary
has grown from 60 to over 200 employees.
Images for free publication can be downloaded from http://www.astratech.com
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